2011 Half Yearly Financial Report

26th August 2011

FOR IMMEDIATE RELEASE

AGA RANGEMASTER GROUP PLC

2011 HALF-YEARLY FINANCIAL REPORT

STREAMLINED PROCESSES BRING IMPROVED PROFIT PERFORMANCE

AGA Rangemaster Group plc ('the Group'), the specialist in range cooking and kitchen living, is pleased to announce its interim results for the half year ended 30^th June 2011.

Financial and operational highlights

Ø Operating profit increased to £2.9 million (half year 2010: £0.8 million).

Ø Net cash at 30^th June 2011 of £25.2 million (30^th June 2010: £22.4 million).

Ø Launch of AGA Total Control key to future growth prospects for cast iron cookers.

Ø Rangemaster remains a clear UK market leader and exports were a record 27% of cooker sales.

Ø Improved performance at AGA Marvel, Grange and Fired Earth.

Ø Interim dividend up by 14% to 0.8 pence.

"In these tough market conditions we are encouraged by the performance of our market leading products. Whilst recent events suggest an even tougher autumn ahead, the second half should see the impact of newly launched products gather pace. Most significantly the AGA Total Control will be a factor in driving UK sales performance and its European launch is scheduled for this autumn.  The Group is confident that it is well positioned to be a major beneficiary of any upturn in consumer confidence because of the investment in product and the operational gearing of the business."

William McGrath
Chief Executive

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